Enhancing Profitability The finance ministry has directed state-owned general insurance companies to prioritize profitable ventures over merely chasing top-line growth. The government recently infused Rs 7,250 crore into three public…
Discovery and Report A cybersecurity analyst identified a critical vulnerability on IRCTC's insurance portal, exposing passengers' travel details and allowing changes to nominee information without verification. Researcher Nilabh Rajpoot discovered…
Immediate Response The Insurance Regulatory and Development Authority of India (IRDAI) has directed all insurance companies to quickly survey and disburse claims to victims of the Wayanad floods in Kerala.…
The National Consumer Disputes Redressal Commission, presided by Dr. Sadhna Shanker in an appeal filed by Ramdev Masala held United India Insurance liable for deficiency in service due to wrongful repudiation…
Premium Increase Expected SBI General Insurance's Chief Business Officer, Rakesh Kaul, announced that IRDAI's decision to reduce the waiting period for pre-existing diseases in health insurance from four years to…
Investigation Details The Enforcement Directorate (ED) has summoned three independent directors of Care Health Insurance, a subsidiary of Religare Enterprises, in a money laundering investigation. The case involves a complaint…
Funding Announcement Square Insurance, a Jaipur-based insurtech startup, has raised $3 million in a pre-Series A funding round led by Negen Capital and Bizdateup. Notable investors, including Yogesh Chaudhary, Founder…
Penalty Details The Insurance Regulatory and Development Authority of India (IRDAI) has levied a penalty of Rs 2 crore on HDFC Life Insurance for violating various norms. The fine must…
This is one pinch we all feel every time we pay the premium for our life and health insurance policies. The prohibitive 18% Goods and Services Tax (GST) adds to…
State Consumer Commission Decision: The state consumer commission ruled against Oriental Insurance Co Ltd (OICL) for rejecting a mediclaim based on non-disclosure of pre-existing conditions, including diabetes mellitus (DM) and…